Paul W. Nestork
Licensed Real Estate Salesperson
REALTOR®
Johnstown, NY
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1023 Mcdonald Avenue , Brooklyn, NY 11230

New - 10 Hours Ago
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Property Description

Excellent Investment Opportunity - Mixed-Use Building in Gravesend, BrooklynDon't miss this exceptional investment opportunity to own a well-maintained mixed-use brick building featuring three residential apartments and one commercial storefront, located in the highly desirable M1-1 zoning district in Gravesend, Brooklyn.Situated in one of South Brooklyn's historic and established neighborhoods, this property benefits from excellent visibility and high foot traffic. It is conveniently located just a 5-minute walk to the F train, with easy access to local shopping, restaurants, and other commercial amenities. The property is also just minutes from Coney Island and major highways, providing a convenient commute to Manhattan and other parts of New York City.All three residential units are rented at market rates, with one apartment scheduled to be delivered vacant at closing, offering flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents.This investment offers strong income potential with low operating expenses. Each unit has its own separate gas and electric meters (4 gas meters and 4 electric meters total), allowing tenants to pay their own utilities. The property has been meticulously maintained, including an excellent-condition utility room and a roof protected by a 30-year metal roofing warranty.Property Highlights:Mixed-use building with 3 residential units and 1 commercial storefrontM1-1 zoningWell-maintained brick constructionThree market-rate residential rentalsOne unit delivered vacant at closingFour separate gas metersFour separate electric metersTenants pay their own utilitiesUtility room in excellent conditionRoof with 30-year metal protection warrantyPrime Gravesend location near the F train, shopping, Coney Island, and major highwaysHighly motivated sellerThis is an outstanding opportunity for investors seeking stable rental income, long-term appreciation, and a prime Brooklyn location.

1023 Mcdonald Avenue | MLS# 1029553

This multi-family property located at 1023 Mcdonald Avenue , Brooklyn, NY 11230 is currently listed for sale with an asking price of $1,800,000. Mcdonald Avenue is located within the Brooklyn 20 school district. Search Brooklyn real estate on paul-nestork.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: See Remarks
Cooling: None
Fenced: Yes
Heating: Natural Gas
Home Style: Other
Lot Size: 0.04 Acres
Taxes: $3,090
Year Built: 1920

Amenities

Granite Counters
High Ceilings
Marble Counters
Natural Woodwork
Original Details

Feature Descriptions

Building Area Total: 1873
Exterior: Brick
Fencing: Back Yard, Fenced, Full
Flooring: Ceramic Tile, Concrete, Hardwood, Tile
On Market Date: 2026-07-24
Parcel Number: 05422-0004
Parking Features: None
Patio And Porch: Porch
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Separate Electric Meters: 4
Separate Gas Meters: 4
Sewer: Public Sewer
Special View Info: None
Units: 4
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Window Features: Aluminum Frames, Blinds, Double Pane Windows, Insulated Windows

Local Schools

High School: Franklin Delano Roosevelt High School
Middle School: Jhs 223 Montauk (The)
Elementary School: Ps 192 Magnet School-Math And Sci
School District: Brooklyn 20

Estimate Your Payment

Estimated Payment

$ 4,788.52 per month $4,006.02 Principal & Interest $257.50 Property Tax $525.00 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Houlihan Lawrence Inc.
Agency Contact: 914-328-8400

Shown By

Agent Name: Paul W. Nestork
Agent Phone: (518) 577-9558 Cell
Agency Title: Coldwell Banker Prime Properties

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/24/2026. The listing information on this page last changed on 07/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/24/2026 8:11:51 PM EST) or Global MLS (last updated Fri 07/24/2026 8:08:56 PM EST) or New York State Alliance MLS (last updated Fri 07/24/2026 8:03:55 PM EST) or Hudson Valley Catskill Region MLS (last updated Fri 07/24/2026 8:01:24 PM EST) or Berkshire MLS (last updated Fri 07/24/2026 6:14:06 PM EST) or OneKey MLS (last updated Fri 07/24/2026 8:03:38 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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